Tarantino plans to sell 'Pulp Fiction' NFTs, defying Miramax suit
The First Art Newspaper on the Net    Established in 1996 Saturday, November 16, 2024


Tarantino plans to sell 'Pulp Fiction' NFTs, defying Miramax suit
Quentin Tarantino speaks at the National Board of Review annual awards gala on Jan. 8, 2020 in New York. Tarantino is pushing ahead with auctions of NFTs associated with his handwritten screenplay of “Pulp Fiction,” despite a pending lawsuit. Krista Schlueter/The New York Times.

by Ephrat Livni



NEW YORK, NY.- When Quentin Tarantino and the movie studio Miramax agreed on the rights to “Pulp Fiction” in the early 1990s, cryptocurrency didn’t exist. Now, Tarantino is courting controversy — with a crypto twist — over ownership of the cult movie’s script that could set a legal precedent for intellectual property rights.

On Wednesday, the director announced auctions of nonfungible tokens, or NFTs, associated with his original handwritten screenplay, despite a pending lawsuit by Miramax.

Tarantino has been thwarted before. In November, after he announced plans for an auction, Miramax sued, claiming breach of contract and various intellectual property violations. In December, the director’s lawyers denied the accusations, but the sales did not proceed.

A hearing to schedule the lawsuit’s next steps is set for February, according to the court docket. Tarantino’s latest plans to sell the NFTs this month could prompt Miramax to demand an emergency block of the auctions until the legal issues are resolved.

NFTs are chunks of code associated with images, sound or video files, recorded on the blockchain — think of them as digital certificates of authenticity. Miramax’s lawyers argue that NFTs are unique (“nonfungible” is in the name, after all). Tarantino’s legal team argues that he is merely reproducing copies of his original script, a right he reserved.

How these tokens compare with old forms of creative expression is unclear.

“Someone could mint hundreds or thousands of unique NFTs linked to the same creative work, kind of like printing many copies of a book,” said Frank Gerratana, an intellectual property expert at Mintz in Boston.

In that sense, although each NFT has its own unique identifier on a blockchain, they may not be considered distinct.

This question is likely to come up again, Gerratana said, given growing interest in cryptocurrencies. Whoever wins this fight may forever mark the law.

This article originally appeared in The New York Times.










Today's News

January 6, 2022

To boldly explore the Jewish roots of 'Star Trek'

Two important French and Scottish paintings enter Scotland's national collection

OpenSea valued at $13.3 billion in new round of venture funding

The Perspective Gallery to open "Through A New Lens"

Guggenheim appoints Francesca Esmay as Alfred Flechtheim Director of Engagement, Conservation and Collections Care

Hollis Taggart opens a show spanning five decades of artist Knox Martin's career

For Karla Knight, paranormal is normal

Hood Museum of Art revisits "American" art in 2022

Marianne Boesky Gallery opens a solo exhibition of paintings by Antone Könst

Tarantino plans to sell 'Pulp Fiction' NFTs, defying Miramax suit

Museum of Russian Icons appoints three new trustees

Sabine Weiss, last of the 'humanist' street photographers, dies at 97

Liz Nielsen now represented by Miles McEnery Gallery

Delmonico Books publishes "Making Strange: The Chara Schreyer Collection"

Joan Didion, conservative

Norman Mailer book to be released by Skyhorse

In $500 million trading card deal, Fanatics buys Topps

New exhibition features paintings and sculpture that reference other works of art

Rio cancels its carnival street parties

Museum für Kunst und Gewerbe Hamburg opens DRIFT's most extensive presentation in Germany to date

Solo exhibition of 10 new works by Wes Lang opens at Almine Rech New York

No. 1 card collection makes its auction debut this month

Nye & Company announces online Chic and Antique Estate Treasures auction




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful